Condominium Sale And Purchase Agreement

Thailand Sale and Purchase Agreement for unit _/ __name condo_ Condominium under Title Deed no: __

--- contract sample for the sale of an existing condo ---

THIS AGREEMENT is made on this _ day of _______ 2010

BETWEEN

1)	Mr. _______________ a ______ national, residing at ____________ ________ ______ ________ ______________, and holder of ____ passport number ______ issued on __ date _____, as per the attached copy identification document (Attachment No.1) herein referred to as the ‘Seller’; AND
2)	Mr. _______________ a _______ national, residing ____________ ______ _________ _______ ______________, and holder of _____ passport number _______ as per the attached copy identification document (Attachment No.2) herein referred to as the ‘Buyer'.

WHEREAS

A)	The Seller and the Buyer agree to enter into and execute this Agreement to set out the terms and condition of sale and purchase of the Unit (as detailed below) and Furniture (furniture means all furniture and fixture in the Unit as detailed in the Attachment No. 3).
B)	The Seller is the legitimate owner and has the full right to sell the Unit no._____, ____ floor and the co-owner of the Common Property __name_____ Condominium registered under the Condominium Act B.E. 2522.

NOW, THEREFORE, both parties hereto do hereby agree to enter into an agreement according to the following terms and conditions:

1. The Property

The Seller agrees to sell to the buyer and the buyer agrees to buy from the seller the property known as Unit ___ (_) __ name condominium___ address___, Thailand with an area of approximately ____ square metres registered under title deed number ___, condominium number ___/__ on the __th floor and condominium record number _/___ as per the attached plan and copy title document (Attachment No.4) incorporated herein by reference and together with furniture hereinafter referred to as ‘the Unit’.

2. Purchase Price

The Seller agrees to sell the Unit and furniture to the Buyer for the sum of ___numbers____ (__ in writing ____ Million) Thai Baht only (the ‘Purchase Price’).

3. Terms of Payment

3.1 On the execution of this Agreement, the Buyer agrees to pay a holding deposit of __ numbers _____ (__writing___) Thai baht (the ‘Deposit’) to the Seller to secure the purchase of the Unit.
3.2 The remaining balance of the Purchase Price in the sum of __numbers_____ (__writing___ ) Thai baht will be paid by the Buyer to the Seller by a cashier cheque on the settlement day at the Land Department at the time of registration of the transfer of ownership.

4. Transfer of Ownership

The Buyer and Seller agree to transfer the ownership of the Unit from the Seller to the Buyer within __number__days (____in writing________ days) of the date of this Agreement .

The Buyer shall be obliged to prepare all necessary documents to support the registration of the ownership transfer (Foreign Exchange Transaction Form), to the extent of such part that is in connection with the Buyer. The Seller shall prepare and bring all necessary documents to support the registration of ownership transfer, to the extent of such part that is in connection with the condominium and the Seller’s responsibility.

5. Delivery

The parties agree that the Seller agrees to deliver the Unit free and vacant (together with its keys and any documents related to the Unit and furniture) to the Buyer or his authorized representative on ____ 2010 or any other day. If the Buyer fails to present himself to accept delivery of the Unit within such period, it shall be deemed that the Unit and the furniture has been delivered to the Purchaser in good condition, and the Buyer shall have no right to claim for any compensation whatsoever in connection with defects in the Unit.

6. Parking

The purchase .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............ .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............ order the complete agreement here

7. Other Charges

The communal charge .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............ .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............

8. Taxes and Expenses Relating to the Transfer of Ownership

The following taxes .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............ .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............

9. Seller’s Covenants

The Seller has the full right .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............

9.1 .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............
9.2 .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............
9.3 .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............
9.4 .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............
9.5 .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............

10. Termination of Agreement

10.1 In the event that the Seller .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............
10.2 .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............
10.3 .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............
10.4 .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............

11. Assignment

The Buyer may .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............ .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............

12. Arbitration

This Agreement .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............ .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............

13. Notice

Any notice to .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............ .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............

14. General

14.1 The heading of Clauses .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............
14.2 .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............
14.3 .............. ............................. ...... ...................... ... ........................ ....... .. ....... .................. ................ . .................... ........ ............

THIS AGREEMENT is made in duplicate, each with equal tenor and effect. Both parties have read and understood the purpose thoroughly and finding that the Agreement is in accordance with their intent in every respect, have set their hands and seals if any in the presence of witnesses in evidence hereof.